Core Logic-RP Data released its auction market report yesterday, which posted a solid fall in the national auction clearance rate.
The preliminary national auction clearance rate was 67.0% this week, down from the 71.2% clearance rate recorded in the weekend prior to the Easter long weekend, according to Core Logic-RP Data:
Sydney’s preliminary clearance rate fell by 4.6% to 70.9%, whereas Melbourne’s was 68.0%, down from 72.3%. However, clearances in Brisbane, which typically only has a small number of auctions, were 57.0%, up from 55.8% recorded two weekends ago. Adelaide’s preliminary auction clearance rate also strengthened, up from 68.9% two weekends ago to 75.4%. Overall auction volumes were fairly low, however, at only 1,543 compared to the 3,519 auctions recorded in the weekend before Easter:
